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Basel Committee on Banking Supervision

Basel Committee on Banking Supervision Principles for the Sound Management of Operational Risk June 2011 Copies of publications are available from: Bank for International Settlements Communications CH-4002 Basel , Switzerland E-mail: Fax: +41 61 280 9100 and +41 61 280 8100 This publication is available on the BIS website ( ). Bank for International Settlements 2011. All rights reserved. Brief excerpts may be reproduced or translated provided the source is cited. ISBN 92-9131-857-4 (print) ISBN 92-9197-857-4 (online) Members of the SIG Operational Risk Subgroup Chairman: Mitsutoshi Adachi, Bank of Japan Australian Prudential Regulation Authority Michael Booth National Bank of Belgium Jos Meuleman Banco Central do Brasil, Brazil Wagner Almeida Office of the Superintendent of Financial Institutions, Canada James Dennison Aina Liepins China Banking Regulatory Commission Meng Luo Banque de France Jean-Luc Qu mard Deutsche Bundesbank.

sound practices framework with specific principles for the management of operational risk that are consistent with sound industry practice. These principles have been developed through the ongoing exchange of ideas between supervisors and industry since 2003. Principles for the Sound Management of Operational Risk and the Role of Supervision

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